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Standard Bank Group, Africa’s largest lender by assets, has officially entered the Egyptian market, opening a representative office in Cairo. The move marks one of the bank’s most significant North African expansions in recent years. The Group, which trades as Stanbic in much of Africa, officially launched the representative office on 12 November 2025. While not yet a fully licensed commercial bank, the new office will offer corporate, investment, and advisory services as Standard Bank seeks regulatory approval to begin full banking operations in Africa’s third-largest economy. Group CEO Sim Tshabalala described Egypt as a “strategic gateway” for connecting capital…
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For decades, Uganda’s trade story has been defined by its deepening integration into regional markets, rising dependence on Asia, and enduring ties with Europe. But when you look past the big numbers and focus on balance of trade, who buys more from Uganda than Uganda buys from them, the picture of Uganda’s “real” trading partners changes dramatically. Uganda’s external trade has expanded significantly in the past five years. Exports more than doubled from $5.3 billion in the 2020/21 financial year to $10.6 billion in the 2024/25 financial year. Imports also rose, from $8.3 billion to $13.2 billion over the same…
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Standard Chartered is set to invest in boosting regional trade, particularly between Uganda and the Middle East. The Middle East has emerged as one of the major export destinations for…
At least 201 companies have been liquidated in the five years to June 2024, data from Uganda Registration Services Bureau (URSB) indicates. However, new business registration has equally grown, with at least a combined 117,369 new companies registered in the same period. Details contained in the URSB annual reports for the last five years indicate that the number of liquidated companies has been growing, signaling an increasingly tough operating environment that has been characterised by dampened economic activity and a technological shift. Business liquidations have grown exponentially, increasing by an annual average of 86.6% in each of the five years…
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In 2022, Uganda received USD 1.3bn in remittances from its diaspora community according to a World Bank and KNOMAD report. This would account for about 4.5% of Uganda’s GDP and make Uganda the 8th biggest recipient of remittances below Sudan and DRC, but ahead of Mali and South Africa. In general, remittances to sub-Saharan Africa increased by 6.1% to USD 53bn in 2022 driven by several African countries dealing with food insecurity, supply chain disruptions, severe drought (Horn of Africa), floods (in Nigeria, Chad, Niger, Burkina Faso, Mali, and Cameroon), and high youth unemployment/underemployment rates (Uganda) that force people to…
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